There is a possible opportunity here based on a triple top, and harmonic pattern.
I am looking for a turn to the downside as resistance is tested for a third time. If it breaks to the upside beyond .8800, I will wait for the pullback and enter long off the retest.
Not trading this idea as there is no confirmation. There is some sentiment that the pound has further downside to come, in which case this pair will likely continue to the upside.
I am looking for a turn to the downside as resistance is tested for a third time. If it breaks to the upside beyond .8800, I will wait for the pullback and enter long off the retest.
Not trading this idea as there is no confirmation. There is some sentiment that the pound has further downside to come, in which case this pair will likely continue to the upside.